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Thursday, February 24, 2011

Apple Inc (AAPL) Stock Analysis 2/23/11

By Tim - http://stockstobuy.org
The following is technical analysis on Apple Inc (AAPL) stock for February 23, 2011

Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 2/23/11

Resistance Levels: $335.40, $350

Support Levels: $338.34

http://stockcharts.com - Chart

Apple Inc. (AAPL) closed at $342.62 on Wednesday. Apple Inc (AAPL) could be starting a downtrend but will most likely pause here first. Apple will have resistance up around $348-$350 as well as $365. I feel Apple will hit $400 sometime in 2011, the question is when. AAPL has excellent management and a great vision for the future. If Apple stock ever falls below $300 again, I will take a new long position. I continue to think Apple Inc. (AAPL) will be much higher at the end of the year then it is now.

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